Headwinds remain. Welcome to bloomberg surveillance. I am Annmarie Hordern, in for Francine Lacqua in london. Fall to 46. 2, the forecast was for 46. 7. Manufacturing pmi 54. 4, forecasted 53. This,e were expecting given what happened last month, and france and london, and they were just talking to anna about this. The risk to the Service Sector employmentek, 75 of in the eurozone, so the services are where things will be much softer. A bit of a friday feeling on the euro stoxx index, especially for banks and autos. We are poised for a weekly decline, the worst in a month. S p 500 futures have been drifting between negative and positive territories the entire morning. Eurodollar 118, a little bit from euro versus the dollar. That is your market check. Now lets get around the world with first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, annmarie. A second wave of Coronavirus Infections gains momentum. Told 46 Million People to stay home after 9 00 p. M
And oil down 6 to 2860 and change oil now on pace for its worst month ever and here is a stat that really sets the tone for how things have been and it comes from our friend ryan detrick at lpl financial. It markets the serventh straight session that was up or down and this breaks the previous record of six such volatile sessions set all of the way back of november 1929, a true sign of the times. All of the markets rising today. It is clear that we are in unprecedented times for the markets and the economy, but we are here for you here on cnbc with the folks working tirelessly around the clock. Bob is downtown and steve has more on the Federal Reserves move and most of the action came from inside the beltway. Lets get to Kayla Tausche with what was live with the white house response. An unprecedented stimulus package the white house is proposing, 1. 3 trillion in relief for businesses and workers whose revenues and wages are grinding to a halt the treasury secretary Steven Mnuchin putt
A little bit involved in the recent thing. Im delighted this recent thing you know i generally like both you know ive delighted ive always had great faith i think is a fantastic communicator he can make waves you can. Reach parts of other others cant and hes demonstrated the election so im really pleased i think hes going phenomenal brain a great personality enormous energy weve got the right and i have the right job because he may have reached out to the electorate that other tory politicians didnt but Donna Cummings his senior Strategic Advisor has already been. Making announcements that seem to suggest he wants a radical reform of the Civil Service which is long been suspected of a pro remain bias and a suspected i think i think it was i havent talked to everybody i think its. Apparently we were always hearing that there were senior Civil Servant. That did not the despised the the largest vote in this country in this countrys history breaks it how can Dominic Cummings really reform
Politicians saying that they can do things within this timeframe of that time frame if the result will it will be done within the timeframe of 10 months i dont think businesses will forgive politicians if they dont get home with this. Because its stifling employment and stifling countries stifling. Activity and im not just talk about the u. K. Im talking about many of the European Countries will start and germany is. Trade activity which is huge the United Kingdom and its a no brainer i mean we export hall for what we import for to be given and i want to know that statistic sorry to interrupt you. But if you just take that statistic you would have kind of thought lets get this thing done because its actually in our interest to have a very harmonious exit exam because were going to hopelessly wrong when he said that dr johnson had hitched his his his ride was it to donald trump over the trade deal and that is why britain must support the United States on iran given johnson is actually d
Think youre going to have another election in this country if you dont have one where we win. Certainly not one thats meaningful. More rhetoric by donald trump over a rally in ohio over the weekend. Well bring his incendiary remarks straight ahead. And it comes as mike pence takes a stand against his former boss. Well show you what pence said about his former president and january 6th. And, meanwhile, President Bidens campaign is reporting one of its strongest fundraising months in almost a year. Well look at whats driving the large hauls of campaign cash. Good morning and welcome to Way Too Early on this monday, march 18th. We hope you had a nice st. Patricks day. Im jonathan lemire. Thanks for starting your day and week with us. And we begin this morning with a race for the white house where donald trump delivered another divisive speech over the weekend, this time while stumping for an ohio senate candidate. Just outside of dayton, the 2024 republican nominee kicked off the rally on